Polkamarkets Price

Polkamarkets is a decentralized prediction market platform built on Ethereum and Polkadot. It allows users to create and trade on the outcomes of real-world events using blockchain technology. Key features of POLK include: - DeFi-powered prediction markets for cross-chain information exchange and trading - Decentralized and interoperable platform based on Polkadot ecosystem - Users can take positions on real-world event outcomes - Launched in February 2021 - Current price: $0.005904 - 24h trading volume: $60.35K - Market cap: $590.4K - Circulating supply: 100M POLK - Maximum supply: 100M POLK POLK aims to provide a transparent and efficient way for users to leverage their knowledge and insights to predict future events. The platform utilizes blockchain technology to ensure security, transparency and global accessibility. As of 2025-06-23, POLK ranks 3317 among all cryptocurrencies by market capitalization. The token has seen a +1.11% price change in the last 24 hours, with a high of $0.005961 and a low of $0.005649.

Polkamarkets was created on February 24, 2021. This decentralized prediction market platform built on Ethereum and Polkadot launched its native token POLK on that date. Since then, Polkamarkets has aimed to provide a cross-chain information exchange and trading ecosystem where users can take positions on real-world event outcomes. The project's goal is to leverage DeFi and blockchain interoperability to create an accessible and efficient prediction market.

The founders of Polkamarkets are Paulo Aragão and Ricardo Marques. They established the project in 2021 with the goal of creating a decentralized and interoperable prediction market platform based on Polkadot. Paulo Aragão serves as the CEO, while Ricardo Marques is the CTO. Both founders have extensive experience in blockchain technology and decentralized finance. They aimed to leverage DeFi and cross-chain capabilities to build an innovative prediction market ecosystem that allows users to trade on real-world event outcomes. The POLK token was launched on February 24, 2021 to power the Polkamarkets platform. Since then, the founding team has continued to lead development and expansion of the project's features and partnerships within the Polkadot ecosystem.

Polkamarkets operates as a decentralized prediction market platform built on Ethereum and Polkadot. Here's how it works: 1. Users can create or participate in prediction markets for real-world events. 2. Participants buy and sell outcome shares using POLK tokens. 3. The platform utilizes automated market makers to provide liquidity. 4. When an event concludes, winners receive payouts in POLK tokens. 5. Polkamarkets employs oracles to verify real-world outcomes. 6. The system is governed by POLK token holders through voting. 7. Cross-chain interoperability allows for seamless information exchange. 8. Smart contracts automate market creation, trading, and settlement. 9. Users can earn rewards by providing liquidity or creating popular markets. 10. The total supply of POLK is capped at 100M POLK, with 100M POLK currently in circulation. This decentralized approach aims to create efficient prediction markets while leveraging blockchain technology for transparency and security.

Polkamarkets is built on a multi-chain architecture that leverages the Polkadot ecosystem for interoperability and scalability. Its technical structure includes: 1. Ethereum-based ERC-20 token: The native POLK token is deployed on Ethereum for wide accessibility. 2. Polkadot parachain: Polkamarkets operates as a parachain on Polkadot, enabling cross-chain functionality. 3. Prediction market protocol: A decentralized protocol for creating and trading on prediction markets. 4. Liquidity pools: Automated market makers provide liquidity for prediction market trading. 5. Oracle integration: External data feeds supply real-world information to resolve markets. 6. Cross-chain bridges: Allow assets and data to move between Ethereum, Polkadot, and other supported chains. 7. Governance module: On-chain voting system for protocol upgrades and parameter adjustments. This architecture allows Polkamarkets to combine Ethereum's liquidity with Polkadot's interoperability, creating a robust and flexible prediction market platform. The multi-chain approach aims to optimize scalability, security, and user experience across different blockchain ecosystems.

The future and roadmap of Polkamarkets (POLK) look promising. The project aims to enhance its prediction market platform and expand cross-chain capabilities. Key milestones include: 2025: Improve user experience and liquidity on the platform 2026: Launch new prediction markets and integrate with more blockchain networks 2027: Implement advanced features like automated market making and conditional markets 2030: Achieve full interoperability across major blockchain ecosystems The team is focused on driving adoption and establishing Polkamarkets as a leading decentralized prediction market protocol. With its current market cap of $590.4K and circulating supply of 100M POLK, POLK has room for growth. Price projections suggest potential increases: 2026: $0.006225 2030: $0.009886 2035: $0.01411 As the project delivers on its roadmap and gains traction, POLK could see significant price appreciation in the coming years. The team's commitment to innovation and cross-chain functionality positions Polkamarkets well for long-term success in the evolving DeFi and prediction market landscape.